Property News from IndianRealtyNews

Property News from IndianRealtyNews

Link to India Properties - Real Estate India - Indian Property News Site

Hotel Leelaventure Postpones Launch of its Mid-Scale Hotel Brand

Posted: 29 Jun 2011 07:32 PM PDT

Hotel Leelaventure, which operates luxury hotels and resorts under The Leela brand, has put the launch of its proposed mid-scale hotel brand on the backburner. The mid-scale brand Leela Gardens was to be positioned as a three-star property. "We had planned to go to tier II cities with this product. We will go for it [...]

UAE Approves Extension of Visas for Real Estate Investors from Six Months to Three Years

Posted: 29 Jun 2011 07:27 PM PDT

The UAE federal government has approved the extension of visas for real estate investors from six months to three years, it has been announced. The decision, which is likely to boost a struggling real estate market and boost investor confidence, was taken during a Cabinet meeting chaired by vice-president and prime minister of the UAE [...]

Pune Based Kumar Urban Development Ltd Looking to Launch Residential/ Commercial Properties in Pune&Mumbai

Posted: 29 Jun 2011 07:15 PM PDT

As part of its expansion plans, Pune-based Kumar Urban Development Ltd (KUL) is looking to launch seven residential and three commercial projects with a total developable area covering 2-2.2 million square feet in the coming two quarters of this fiscal. The new projects will include two high-end residential and two commercial projects at Pune and [...]

Govt May Approve Amendments to Benami Property Law Today

Posted: 29 Jun 2011 07:02 PM PDT

The union cabinet is expected to approve amendments to the law on benami property law on Thursday to demonstrate its seriousness in fighting the menace of black money. The amendments to the Benami Transaction (Prohibition Act) will give the government the power to confiscate any property that is declared as benami, or held in the [...]
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Property News from IndianRealtyNews

Property News from IndianRealtyNews

Link to India Properties - Real Estate India - Indian Property News Site

India Trying to Build Consensus on Liberalising FDI in Retail

Posted: 28 Jun 2011 07:48 PM PDT

India is trying to build a consensus on liberalising foreign direct investment (FDI) in retail and defence, finance minister Pranab Mukherjee today told a gathering of business leaders and policy makers in Washington. "Discussions are under way to build a consensus on further liberalisation of the FDI policy in retail and defence," Mukherjee said. Differences [...]

Demand for Home Loans May Decline: Experts

Posted: 28 Jun 2011 07:10 PM PDT

At the peak of the global housing crisis in 2008, a group of executives at State Bank of India (SBI) were busy devising a new home loan scheme meant to boost the sluggish demand. The growth in housing loans had fallen from a high of 31.2 per cent in December 2006 to 4.1 per cent [...]
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Property News from IndianRealtyNews

Property News from IndianRealtyNews

Link to India Properties - Real Estate India - Indian Property News Site

Shareholders Approve Vishal Retail’s Name Change to V2 Retail

Posted: 27 Jun 2011 08:02 PM PDT

Vishal Retail today said its shareholders had approved changing the company’s name to V2 Retail and also its plan to enter real estate business. The company submitted a report on a postal ballot seeking shareholders’ approval the name change and entry into real estate to the Bombay Stock Exchange and said special resolutions were being [...]

Real Estate Investment Firm SARE buys 100 acres of land in Navi Mumbai from Silver Oak

Posted: 27 Jun 2011 07:25 PM PDT

Real estate investment and development firm South Asian Real Estate has closed a deal for buying a 100-acre piece of land in Navi Mumbai from Mumbai-based developer Silver Oak. SARE and Silver Oak have set up a joint venture company, in which SARE will have a majority stake. The joint venture will develop an integrated [...]

Sahara Moves to Supreme Court against Sebi’s Refund Order

Posted: 27 Jun 2011 07:18 PM PDT

A Sahara Group firm has moved the Supreme Court against market regulator Sebi's order asking it to return money collected from investors through a scheme along with 15 per cent interest. A vacation bench headed by Justice P Sathasivam directed the matter to be listed for hearing on July 4, the first day after the [...]

Proposed Real Estate Regulation Bill May be Delayed

Posted: 27 Jun 2011 07:10 PM PDT

The proposed Real Estate Regulation Bill may be delayed. The ministry of housing and poverty alleviation, which was set to table the draft bill during the Monsoon session of Parliament, is yet to get the law ministry's opinion on it. The draft Bill was sent to the law ministry for vetting nearly two months ago. [...]

ASK Raises 520 cr for Domestic Realty Fund

Posted: 27 Jun 2011 05:45 PM PDT

ASK Property Investment Advisors has raised 520 crore for a domestic realty fund, becoming the first fund among half-a-dozen such realty PE funds waiting in line, to raise money from rich investors in 2011. The ASK fund had originally aimed to raise Rs 1,000 crore, including a green shoe option of Rs 500 crore that [...]
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